Tesla (TSLA)released losses per share for 1Q2018 that were lower than expected (-$3.35 vs -$3.41 estimated).

Cryptocurrency Update

Cryptocurrency Market News

Coinbase has announced block trading on its platform in an attempt to increase interest by institutional investors. BMW, Ford, General Motors, and Renault are the founding members of the Mobility Open Blockchain Initiative (MOBI). MOBI’s goal is to create standards to enable data-sharing and payments between automobiles. A US judge ruled that Alibabacoin does not violate Alibaba’s trademark name. Alibaba claimed that Alibabacoin was misleading investors that Alibaba was behind the crypto project.